Ending Duplicative Subsidies for Electric Vehicles Act

12/29/2022, 7:33 AM

Ending Duplicative Subsidies for Electric Vehicles Act

This bill prohibits duplicative subsidies (i.e., loans, grants, or tax credits) for manufacturers of new clean electric vehicles.

Congress
117
Number
S - 4939
Introduced on
2022-09-22
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

9/22/2022
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Ending Duplicative Subsidies for Electric Vehicles Act

This bill prohibits duplicative subsidies (i.e., loans, grants, or tax credits) for manufacturers of new clean electric vehicles.

Alternative Names
Official Title as IntroducedA bill to amend the Internal Revenue Code of 1986 to prevent double dipping between tax credits and grants or loans for clean vehicle manufacturers.
Policy Areas
Taxation

Comments

Recent Activity

Latest Summary10/11/2022

Ending Duplicative Subsidies for Electric Vehicles Act

This bill prohibits duplicative subsidies (i.e., loans, grants, or tax credits) for manufacturers of new clean electric vehicles.

Latest Action9/22/2022
Read twice and referred to the Committee on Finance. (text: CR S4972)